Always be working on your business plan.

You have to have a plan. In three shows, Cowgirl Enterprises (Donna used FastTrac), Jagged Edge Mountain Gear , and Knitz & Pieces, the key document to get money was their business plan. It is work -- no question -- but it is the key working document for all businesses.

You need a business plan. Start it when you have an idea for a business, then "grow it" as you grow your business. At least try to write the first draft yourself. In this exercise you will discover the ins-and-outs of your business. You just have to do it. No whining.

People – family and friends, bankers, angels, venture capitalists, and other investors through private placements, DPOs and IPOs – have said, and will continue to say, "Yes" to small business.

Watch two shows that focus on money: "We'll Show You the Money" (as streaming video right here on the web!) and "When the Banker Says, No." Plus, every show touches on money at some point in the discussion.

When you are just starting out, your character is what is in question. and it is about your character that an investor or banker will most often base their judgement. In the first four steps of starting a business, bank loans are always personal loans. The banker looks into the face of the business owner, and concludes, "This person is a good risk."

If you haven't already, be sure to sign up on this site.

This is a site for small business by small business owners